Printer Friendly

NexPoint Capital reports weekly ordinary distributions.

BANKING AND CREDIT NEWS-April 27, 2016-NexPoint Capital reports weekly ordinary distributions


NexPoint Capital, Inc. has reported its intention to declare ordinary distributions on a weekly basis effective May 1, 2016, the company said.

The company is updating its distribution schedule to set Monday as the record date for each weekly ordinary distribution, and pay ordinary distributions on the date two business days after the last declared ordinary distribution of the month, the company said.

NexPoint has adopted an opt in distribution reinvestment plan (DRIP) for its shareholders, as described in the company's registration statement. As a result, if the company makes an ordinary distribution, shareholders will receive the distribution in cash unless they specifically opt in to the DRIP so as to have their distributions reinvested in additional shares of the company's common stock.

The company's current offering price for its common stock is USD9.83 per share as of April 20, 2016.

NexPoint Capital, Inc. is a healthcare-focused business development company sponsored by Highland Capital Management, L.P. and managed by NexPoint Advisors, L.P., an affiliate of Highland Capital Management, L.P. NexPoint Advisors, L.P., is an SEC-registered investment advisor to the closed end fund, NexPoint Credit Strategies Fund.

Highland Capital Management, L.P. is an SEC-registered investment adviser, which, together with its affiliates, has approximately USD17 billion of assets under management. Highland offers alternative investments, including emerging markets, long/short equities, and natural resources.

((Comments on this story may be sent to

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Apr 27, 2016
Previous Article:GrandSouth Bancorporation reports Q1 2016 net income of USD1.51m.
Next completes RMB150m Series B financing for China land transfer platform.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters